Rep. Rashida Tlaib (D-Mich.) met with resistance when she asked the CEOs of America’s seven biggest banks, during their testimony before Congress on Sept. 21, about the elimination of funding for fossil fuel investments. “You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways…
‘That Would Be the Road to Hell for America’: Bank CEOs Push Back Against Radical Climate Demands From Rep. Tlaib
September 22, 2022
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Brian MoynihanBusiness & Marketsclimate changeeconomic policiesenergyEU energy crisisfossil fuelsJamie DimonPoliticsRep. Rashida TlaibUSUS News
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JPMorgan’s Jamie Dimon Warns of ‘Something Worse’ Than Hard Recession
JPMorgan CEO Jamie Dimon has predicted the likelihood of a downturn in the U.S economy and warned that “something worse” than a hard recession could be on the horizon. Dimon gave the estimations regarding the probability of a recession in a call with clients last week, according to a Yahoo Finance report published Saturday. The investment bank CEO noted…
JPMorgan CEO Warns of Looming Risks for Economy
July 15, 2022
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Business & MarketsCompanieseconomic recessioneconomyhigh inflationJamie DimonJPMorganrecessionU.S. economic growthUS
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JPMorgan CEO Jamie Dimon has warned about a potential economic slowdown even while noting that the American economy is growing, and both the job market and consumer spending remain healthy. “Geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go, and the never-before-seen quantitative tightening and their effects on…
‘I’m Not Woke,’ Says JP Morgan CEO Defending ‘Stakeholder Capitalism’
June 2, 2022
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Big Tech, Censorship, and SocialismBusiness & EconomyCompaniesDefending AmericaFeatured TopicsJamie DimonLarry FinkPoliticsSenator Ted Cruzstakeholder capitalismUS
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JP Morgan CEO Jamie Dimon claimed in an interview at a conference on Wednesday that his push toward “stakeholder capitalism” is being misconstrued as being “woke,” and that he remains “a red-blooded free-market capitalist.” “I’m not woke. And I think people are mistaking the stakeholder capitalism thing for being woke,” Dimon told a conference organized…
JPMorgan Chase CEO Says Brace for Economic ‘Hurricane’ Due to Inflation
The United States is looking at an economic “hurricane” of challenges down the road and the Federal Reserve must take strong precautions to avoid a recession, a top banking official has warned. “It’s a hurricane,” Jamie Dimon, CEO of JPMorgan Chase & Co., told a banking conference, adding that it was unprecedented. “Right now, it’s…
JPMorgan Shareholders Reject Jamie Dimon’s $50 Million Bonus
Jaime Dimon, the CEO of JPMorgan Chase & Co., suffered a rebuke on May 18 after shareholders voted against a controversial $52.6 million one-time retention bonus, after key investors objected to the bank’s compensation plan for its long-serving chief who has been in charge since 2005. This is the first time an executive pay package…
JPMorgan CEO Says Russia’s War on Ukraine Is Bigger Risk to Economy Than Interest Rates
JPMorgan CEO Jamie Dimon said on Wednesday that markets should be prepared for the war between Russia and Ukraine to last for years to come, suggesting that the conflict posed a greater risk to the American economy than the prospect of hikes on the key interest rate from the Federal Reserve. In an interview with…
Five Key Takeaways From Jamie Dimon’s Letter to JPMorgan’s Investors
April 10, 2022
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annual letter to shareholders 2022BrightinvestingJamie DimonJPMorganJPMorgan Chase & Copersonal financeUncategorized
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WASHINGTON—Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on April 4, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation, and interest rates. Here are five of the key takeaways from the letter: The US Economy Is Still Strong Dimon has long been…
JPMorgan CEO Warns of Possible $1 Billion Russia Loss
April 5, 2022
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BillionBusiness & EconomyCompanieseconomic policieseconomyEuropeInternationalJamie DimonJPMorganlossMarketspotentialRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
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NEW YORK—JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time. In his keenly watched annual letter to shareholders, the chairman and chief executive of the biggest U.S. bank by assets…
Musk Is Now Twitter’s Largest Shareholder; Small Farmers Balancing Costs & Prices | NTD Business
Elon Musk reveals he is Twitter’s biggest shareholder, news that sends the stock up 25 percent. What are his plans? JPMorgan CEO Jamie Dimon reveals the loss the company is facing from the Russia-Ukraine war. What does he say is the biggest risk facing the U.S. economy? The Chinese Communist Party is taking babies away from…
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